What is RepuX?
RepuX is a protocol level framework (the “RepuX Protocol”) on which various types of immutable data can be commoditized and exchanged among different corporate and individual collectors, developers and users. The RepuX Protocol combines multiple decentralized technologies such as InterPlanetary File System (or IPFS) , Sia , Ethereum , EOS , and offers the potential to upgrade to a custom highthroughput blockchain. By facilitating the transfer of data and value between peers, the RepuX Protocol creates data sharing possibilities among data collectors, application developers and data users which do not exist in the current marketplace. The RepuX Protocol provides the opportunity to data producers to create value in their data through facilitating the provision of this data to users in multiple industries, while eliminating the need for intermediaries in this process.
RepuX Goals and Objectives
They anticipate that data monetization will become a major source of revenue for individuals and entities in the future. It is estimated that the world will create 180 zettabytes of data (or 180 trillion gigabytes) in 2025, up from less than 10 zettabytes in 2015.They goals and objectives for the RepuX Protocol are as follows:
To develop a high throughput system whereby data can be monetized directly between collectors, developers and users; To build a secure reputation infrastructure within RepuX Token transactions that allows users to apply a semi-permanent record in a mutual transaction; To develop easy-to-use application programming interfaces (or APIs) that enable third-party developers to build upon they RepuX Protocol to create a variety of different applications;
Ethereum and Smart Contracts
Bitcoin introduced the idea of a blockchain, which enabled people to transact without a single organization in control. Building upon this, Ethereum developed the idea of a distributed computer. Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine, which can execute scripts using an international network of public nodes . Ethereum also provides a cryptocurrency token called „ether” (or ETH), which can be transferred between accounts and used to compensate participant nodes for computations performed.
Pre-Sale and RepuX Token Sale
RepuX Limited is creating 500 million RepuX tokens (the “RepuX Tokens”). RepuX is conducting a pre-sale of rights to receive RepuX Tokens upon occurrence of the public launch, which is being made available solely to accredited investors through a Simple Agreement for Future Tokens (the “Pre-Sale”), followed by a more broadly available offering ofRepuX Tokens that will occur once the RepuX Protocol is operational (the “Token Sale”). RepuX will allow RepuX Token holders to purchase data from sellers on the RepuX Protocol. The RepuX Protocol will also allow data sellers to receive payment in Repux Tokens from the individuals or entities that purchase their data. Raw data from data collectors and/or various value-added content developed by third party application developers may be bought and sold using Repux .